ShaMaran Announces Successful Rights Offering Details
VANCOUVER, BC, May 25, 2022 /CNW/ - ShaMaran Petroleum Corp. (“ShaMaran” or the “Company”) (SNM: TSX-V and Nasdaq First North Growth Market (Sweden)) is pleased to announce further details following the Company’s news release of May 20, 2022 with respect to the Company’s rights offering (the ”Rights Offering”) that was oversubscribed by the Company’s shareholders and no call on the standby commitment of Nemesia S.à.r.l.1 was required. ShaMaran has issued 558,242,414 common shares of the Company (the "Common Shares") at the price of CAD $0.06825 (SEK 0.52) per Common Share being the maximum